Assessable Income (Part 2): Income by Statute, Not by Nature

Explore statutory income in detail, including dividend income, CGT consequences and practical examples with ATO insights.

In this session, we cover:

• Recap assessable income key concepts.

• Review ordinary & statutory income overlap rules

  • Map of Key Statutory Provisions (s 10-5 ITAA 1997)

• Consider common statutory income types

• Review a practical case study

  • Gain on sale

  • Taxable income

  • Loan

  • Royalties

  • Partnership income

  • Dividend income

  • GIC remitted

  • Insurance proceeds

• Key risk and advisory points.